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FTSE 100 Index Forecast update October 18 2021

FTSE Oct 18 2021

The FTSE 100 appears to be finding support at key levels which makes one last long entry an interesting proposition. Currently the reward to risk ratio is not great (it’s below 4:1) but if it moves to the bottom of the zone then it would be at a much more “interesting” 6:1.

Ultimately we are still waiting for a move up to the “thick red line” for a lower risk short.

FTSE 100 Forecast Update October 18 2021
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